WINTON GROUP Ltd Invests $429,000 in The Middleby Co. (NASDAQ:MIDD)

WINTON GROUP Ltd acquired a new position in shares of The Middleby Co. (NASDAQ:MIDD) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,476 shares of the industrial products company’s stock, valued at approximately $429,000.

Several other institutional investors have also recently added to or reduced their stakes in MIDD. Envestnet Asset Management Inc. lifted its position in shares of The Middleby by 8.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 60,555 shares of the industrial products company’s stock worth $10,037,000 after purchasing an additional 4,565 shares during the last quarter. Arizona State Retirement System lifted its position in shares of The Middleby by 0.4% during the 1st quarter. Arizona State Retirement System now owns 16,189 shares of the industrial products company’s stock worth $2,683,000 after purchasing an additional 60 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of The Middleby by 211.3% during the 1st quarter. Fifth Third Bancorp now owns 249 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 169 shares during the last quarter. Swiss National Bank lifted its position in The Middleby by 1.1% in the first quarter. Swiss National Bank now owns 127,100 shares of the industrial products company’s stock valued at $21,067,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in The Middleby in the first quarter valued at $990,000. 99.66% of the stock is owned by institutional investors and hedge funds.

In other news, Director John R. Miller III sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $176.00, for a total transaction of $528,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO James K. Pool III sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $183.00, for a total transaction of $183,000.00. Following the transaction, the chief technology officer now owns 19,979 shares in the company, valued at $3,656,157. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,290 shares of company stock worth $1,829,659. 1.24% of the stock is currently owned by company insiders.

NASDAQ MIDD opened at $171.39 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.09. The firm has a market cap of $9.53 billion, a PE ratio of 29.76 and a beta of 1.73. The Middleby Co. has a one year low of $87.75 and a one year high of $196.49. The firm’s fifty day moving average is $182.88 and its two-hundred day moving average is $174.41.

The Middleby (NASDAQ:MIDD) last posted its quarterly earnings data on Thursday, August 12th. The industrial products company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.04. The company had revenue of $808.77 million for the quarter, compared to analyst estimates of $808.61 million. The Middleby had a net margin of 10.99% and a return on equity of 18.62%. Research analysts predict that The Middleby Co. will post 8.37 earnings per share for the current year.

A number of brokerages recently weighed in on MIDD. Citigroup raised shares of The Middleby from a “neutral” rating to a “buy” rating in a research report on Monday, June 7th. raised shares of The Middleby from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Monday, June 7th. Barclays boosted their price target on shares of The Middleby from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 14th. Finally, Robert W. Baird boosted their price target on shares of The Middleby from $214.00 to $222.00 and gave the company an “outperform” rating in a research report on Tuesday, July 6th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $207.00.

The Middleby Profile

The Middleby Corp. engages in the design, manufacture, marketing, and distribution of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, Residential Kitchen Equipment Group, and Corporate and Other. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry.

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Institutional Ownership by Quarter for The Middleby (NASDAQ:MIDD)

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